Kinder Morgan announced its preliminary 2013 projections for Kinder Morgan, Inc. (KMI: Quote), Kinder Morgan Energy Partners, L.P. (KMP: Quote), Kinder Morgan Management, LLC (KMR: Quote) and El Paso Pipeline Partners, L.P. (EPB: Quote). Kinder Morgan anticipates strong growth in 2013 across the Kinder Morgan family of companies.
Kinder Morgan Inc. expects to declare dividends of $1.57 per share for 2013. This represents a 16 percent increase over KMI's 2012 budget target of $1.35 per share and a 12 percent increase over the $1.40 per share of dividends it expects to declare for 2012.
Kinder Morgan Energy Partners L.P. expects to declare cash distributions of $5.28 per unit for 2013, a 6 percent increase over its 2012 budget target of $4.98 per unit, which it expects to meet. Kinder Morgan Management, LLC expects to declare distributions of $5.28 per share for 2013.
El Paso Pipeline Partners, L.P. expects to declare cash distributions of $2.55 per unit for 2013, a 13 percent increase over its 2012 expected distribution of $2.25 per unit. In 2013, El Paso Pipeline Partners expects to generate earnings before DD&A of $1.22 billion, an increase of over $50 million compared to 2012.
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by RTT Staff Writer
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